Some Modernisation Needed Duston

This property caught my eye on this Monday morning as its got potential to be a good investment, not only to increase the value of it, but also to generate you a good return as a buy to let.

Its a modern property on the market with Richard Greener and they say its in need of further improvement, but to me it’s only cosmetic and you shouldn’t need to go OTT if you are going to be renting it out.  Some new flooring, redecoration and updating of the kitchen & bathroom. 

I imagine you could do all of this for around £15,000, so if you add this to the purchase price of £125,000, making a total spend of £140,000. Comparing this to the potential rent you could expect, which would be in the region of £600 pcm, you are looking at a gross yield of 5.1%!

I would love to hear your views

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